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Search Results 0 to 5 of about 6 (some duplicates have been removed)
Jan 22, 2013 11:00pm EST
a line in the sand and if the s&p dropped we would get pounded. sure enough it fell after the election and we did get pummeled. but what most impressed me was what she told us on november 20th, when everyone began to freak out at that moment, at that chicken little moment, when all the worrywarts were out in full force, she told us to stop worrying. the s&p was ready to rally. she sent me this, holy cow, this is out of sync with what we were thinking. at the time. the s&p is at 1387. now it is at 1492. in short, brodin nailed a 100 point move in the s&p in two months. what a great grab. look at that. she nailed that. i might not be a chartist, but the charts don't have emotions. they aren't about the fiscal cliff or the debt ceiling or the election. it is totally working this market. so i have to go back to the mathematical well. what can i tell you, we want to know what the queen thinks it could go next. take a look at this chart. the s&p said it would. and shortly thereafter she told us that the low was likely to be pivotal, as a key part of her methodology. you heard me talk about f
Jan 24, 2013 6:00pm EST
of the certainty that comes from putting a presidential election and a tax fight behind us. plus, the warring political parties seem to have -- it does seem like a truce at hand deferring a ridiculous and harmful government shutdown. throwing a huge turn in china that converts believers every day along with stabilization of europe and multinational companies have at last powered higher. all that good news in the jobs it creates are causing a radical revision in what we're willing to pay for future earnings. that's right, the price to earnings multiple, the ratio of how much we'll pay for the profits companies are going to have down the road is headed north and therefore so are the stock prices. we're willing to pay up because of the prospect that things are, indeed better. let me show you what i mean. let's take the transports. they've been scorching, scorching despite the index being home, beating down trucking companies, worldwide freight plays, and the railroads -- which were just annihilated by an historic decline in the most important cargo, coal. what's happening now if the economy's ge
Jan 28, 2013 6:00pm EST
our stock market. it's a new development and it comes on the heels of romney losing the election. cantor is very close to business. he speaks to a lot of the execs, he does like job creation. he doesn't want his legacy to be that he obstructed business progress. yet that had become his motus operandi. take washington off the business pages for a while and let the market run. stop worrying about sequestrati sequestration, start worrying about which companies will do better. we'd be doing the public a good service if we pay attention to the fact that cantor and the republicans might be out of the way as therefore would be the democrats. then there are the lead stories in both the "new york times" and the "wall street journal" today. these are incredibly meaningful. it's about how we could be on the verge of immigration reform, immigration reform and immigration reform. i know we all know that the top in housing was caused in part by a crackdown in immigration, that required documentation for new home buyers. when you lost that stream of hard-working home buyers without papers, you
Search Results 0 to 5 of about 6 (some duplicates have been removed)